Money Management Tips for Entrepreneurs

Some good news today for small-business owners who use Square as their point-of-sale service: Square has partnered with Intuit to simplify the accounting process with QuickBooks software. The integration will enable businesses to import their transactions from Square directly into QuickBooks.

Importing sales data from Square into QuickBooks can presumably save entrepreneurs the time of having to enter it manually. It also helps ensure the accuracy of the data being transferred since the process is automated.

In addition to offering a handy new service to business owners, this partnership is interesting since Intuit offers its own point-of-sale product called Go Payment -- essentially a Square rival.

Yesterday, Intuit announced a revision to its QuickBooks Online accounting tool, making it customizable according to a business's needs, making it work in conjunction with customer relationship management (CRM) apps for iOS and Android and providing for support third-party app integration.

The new service will become available starting on November 19, Square says.